The Social Security Rate in Micronesia stands at 15 percent. source: FSM Social Security Administration

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Micronesia Social Security Rate

Related Last Previous Unit Reference
Social Security Rate For Employees 7.50 7.50 percent Dec 2020
Social Security Rate For Companies 7.50 7.50 percent Dec 2020
Social Security Rate 15.00 15.00 percent Dec 2020

Micronesia Social Security Rate
In Micronesia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Micronesia because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
15.00 15.00 15.00 15.00 2020 - 2020 percent Monthly